PJSC TransContainer reports its Financial Results under Russian Accounting Standards for the 1st half of 2015
PJSC TransContainer reports its financial results under Russian Accounting Standards (RAS) for the first six months of 2015. Company’s financial position was affected by accelerated decline in the Russian rail Transportation equipment for shipping cargo via various means of transport. Containers are durable enough for repeated use and can be stacked. Containers are divided into medium-duty (three- and five-tonne), which conform to former Soviet Union standards and are still used for shipments in Russia and the CIS, and ISO (20- and 40-foot) containers, which are used for Russian and international shipments. The universal standard unit TEU (twenty-foot equivalent unit) was introduced to measure transport flow volumes.
container transportation market amid the deteriorating economic environment: in the second quarter of 2015 the rail container transportation market declined by 11.0% year on year while in the first quarter transportation volumes decreased just by 4.7%.
Despite the challenging market environment, during the reporting period the Company managed to ensure business profitability, improve its market share and significantly improve the debt position.
In the first half of 2015 the total revenue of the Company increased by 13.9% year on year to RUR 19,888 million, while the adjusted revenue (total revenue less subcontractors’ fees under the integrated A form of payment for sea transportation of cargo, or the use of a ship for a certain period of time. Freight payment is determined by the volume of cargo delivered to the destination
or by the volume of cargo loaded onto the ship.
freight forwarding and The process of organising a chain of delivery, and managing that chain in the broadest sense. This chain may encompass both deliveries of raw materials needed for production and management of material resources at an enterprise, delivery to warehouses and distribution centres, sorting, handling, and final distribution at the points of consumption. In the context of transportation services, the main service is that of delivering cargo across a delivery route.
logistics services) decreased by 0.9% to RUR 9,935 million respectively. Operating profit decreased by 50.0% to RUR 1,198 million. EBITDA contracted to RUR 2,544 million from RUR 4,091 million in the first half of 2014 while the Company’s net profit decreased to RUR 692 million from RUR 1,935 million respectively.
Company’s total assets were RUR 44,316 million as of 30 June 2015 while the total debt was RUR 5,173 million. The net debt (the total debt less cash, cash equivalents and short-term investments) was RUR 2,415 million, down 44.5% as compared to the net debt amount as of 31 December 2014.
Company’s transportation volumes during the reporting period decreased by 3.5% to 692 thousand TEU, while its market share increased to 47.8% from 45.6% in the first half of 2014.
TransContainer’s financial accounts for the first half of 2015 under Russian Аccounting Standards are available at